Nexeo Solutions has raised $175 million through the sale of senior subordinated notes in the 144a private placement market, Reuters reports. The size of the transaction was initially planned for $200 million.

The HR solutions provider appointed Bank of America Merrill Lynch, Citigroup and Barclays as the joint bookrunning managers for the deal. The notes carry a coupon rate of 8.375% and are due to mature on March 1, 2018. Click here for the story from Reuters.